16 days on Market

197 Cherrywood Dr, Newmarket, Ontario L3Y 2X9

Detached
3 + 1
2
~700-1100 sqft
$•••,•••
$959,900
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Detached
3 + 1
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,122/sqft

Est. Mortgage$4,122/mo

Tax Amount (2024)$4,469/yr

Days On Market16 days


Description

Welcome to 197 Cherrywood Drive, a charming and beautifully maintained raised brick bungalow nestled in one of Newmarket's most convenient neighbourhoods. This spacious 3-bedroom, 2-bathroom detached home sits on an extra-deep, private lot backing onto a school and greenspace-offering peaceful views with no houses behind. Surrounded by mature trees and featuring a city-maintained walkway beside the property, this home provides both privacy and convenience. Inside, you'll find a bright and functional eat-in kitchen, generous living spaces, and a layout that offers excellent potential for a separate in-law or nanny suite with a back entrance. The covered back patio is perfect for relaxing or entertaining, while the large private driveway offers ample parking for multiple vehicles *bonus extra long carport canopy. This is a fantastic opportunity to move right in or invest in a property with great income potential. Located just minutes from Upper Canada Mall, the Newmarket GO Station, Tim Hortons, Costco, Walmart, and the boutique shops along Main Street, everything you need is close by. With quick access to both Highway 404 and 400, this home truly combines comfort, accessibility, and long-term value. Don't miss your chance to own this versatile and well-loved home in a prime Newmarket location.


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size5,000 SqFt(100 x 50)
Parking Spaces4
MLS ®NumberN12160387
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byROYAL LEPAGE CONNECT REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance

Main Floor

Living

3.6 x 3.3

Large Window / Combined W/Dining / hardwood floor

Dining

2.4 x 3.3

Large Window / Combined W/Living / hardwood floor

Kitchen

3.0 x 3.92

Eat-In Kitchen / Window / Ceramic Floor

Primary

3.45 x 3.45

Window / Closet / hardwood floor


Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

May 21, 2025
ListedActive
$959,900
16 days on market
history photo preview30
Listing by trreb®
Property listed by ROYAL LEPAGE CONNECT REALTY, Brokerage

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Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

16 days

2023

11 days

2022

13 days

New Listings

Past 30 days

182 listings

Compared to

2024

142 listings

2023

120 listings

2022

144 listings

Units sold

Past 30 days

54 units

Compared to

2024

56 units

2023

79 units

2022

74 units

Median Sold Price

Past 30 days

$1,167,500

Compared to

2024

$1,220,000

2023

$1,360,800

2022

$1,275,000


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
50 to 64
23%
35 to 49
21%
20 to 34
18%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget